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Finances / Finanzen » uk.finance » Re: Development Land values plunge in SW London...
Re: Development Land values plunge in SW London... [message #396385] Di, 11 Juli 2006 10:37
mogga  
On 11 Jul 2006 00:03:04 -0700, "Troy Steadman"
<troysteadman [at] yahoo.co.uk> wrote:

>Under Kingston Borough's Section 106 Planning Obligation, if you build
>more than 10 units you are contractually obliged to...
>
>1)....make half the units affordable and pass them over to the council.
>
>2)..."pepper pot" these council houses throughout your development.
>
>3)...build the maximum the land will accommodate.
>
>4)...in the case of flats, ensure any service charge is also affordable
>("full price" residents subsidise their "council house" neighbours).
>
>...and the same applies to smaller developments wherever practicable.
>
>http://www.kingston.gov.uk/affordable_housing_spd.pdf
>
>Surely nobody is going to be building new homes except Housing
>Associations?

Not sure if they can do this at the moment but they're definately
looking at it - private property left unoccupied for 6 months or more
can be seconded by the councils anyway and used to house people they
pick at council rents?
--
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